BidaskClub upgraded shares of Fossil Group (NASDAQ:FOSL) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Separately, ValuEngine raised shares of Fossil Group from a buy rating to a strong-buy rating in a report on Friday, June 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $6.83.

Shares of NASDAQ:FOSL opened at $7.50 on Friday. The firm has a market cap of $384.74 million, a PE ratio of -2.70 and a beta of 1.38. The firm’s 50 day simple moving average is $5.39 and its 200-day simple moving average is $4.30. Fossil Group has a one year low of $2.69 and a one year high of $13.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.09 and a current ratio of 1.90.

Fossil Group (NASDAQ:FOSL) last issued its earnings results on Wednesday, August 12th. The accessories brand company reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.71) by $1.48. Fossil Group had a negative net margin of 7.41% and a negative return on equity of 22.10%.

A number of hedge funds have recently modified their holdings of FOSL. Marshall Wace North America L.P. purchased a new position in Fossil Group during the first quarter valued at approximately $26,000. Atom Investors LP purchased a new position in Fossil Group in the second quarter worth $56,000. Stone Ridge Asset Management LLC purchased a new position in Fossil Group in the second quarter worth $57,000. Balyasny Asset Management LLC purchased a new position in Fossil Group in the second quarter worth $61,000. Finally, Magnus Financial Group LLC purchased a new position in Fossil Group in the second quarter worth $75,000. 91.73% of the stock is currently owned by institutional investors.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.

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